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Nike shoes are seen in the King of Prussia Mall, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | ReutersNike will raise prices on a wide range of footwear, apparel and equipment as soon as this week as the retail industry braces for tariffs to hit its profits, CNBC has learned.Prices for Nike apparel and equipment for adults will increase between $2 and $10, a person familiar with the matter said. Footwear…

Shane Jenkins, seen here in police bodycam footage from Jan. 6, 2021, was convicted of multiple charges in connection with the Capitol riot, including assaulting police. Months after receiving a pardon from President Trump, Jenkins visited the White House along with another former Jan. 6 defendant. U.S. Department of Justice hide caption toggle caption U.S. Department of Justice Just months after being freed through a pardon from President Trump, two men convicted of felonies for their roles in the Jan. 6, 2021, attack on the U.S. Capitol scored visits to the secure grounds of the White House. During their visit,…

The tax reconciliation bill making its way through Congress is expected to add trillions of dollars to the national debt, but the Trump administration hopes to offset the cost through income from tariffs. Accountants are helping worried companies deal with the possible fallout.”Obviously, tariffs create a lot of uncertainty,” said Tom Alongi, a partner and U.S. national manufacturing practice leader at UHY, a Top 50 Firm based in Farmington Hills, Michigan. “But with uncertainty for U.S. manufacturers, it creates a lot of opportunity. And for those that are contract manufacturers that use a lot of offshoring, it creates a tremendous…

House vote on Trump budget bill could come soon – CBS News Watch CBS News House Speaker Mike Johnson and the Freedom Caucus met with President Trump on Wednesday amid a budget bill impasse. CBS News congressional correspondent Nikole Killion reports. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

President Donald Trump said his massive tax package is close to being finalized, having notched a deal over the state and local tax deduction, but the White House has yet to win over a faction of conservatives who want more austere spending cuts.”We’re doing very well. It’s very close,” Trump told reporters Wednesday.House Speaker Mike Johnson said Wednesday that he had an agreement with lawmakers from high-tax states to increase the limit on the SALT deduction to $40,000. “The members of the SALT caucus negotiated yesterday in good faith,” Rep. Mike Lawler, R-N.Y., told Bloomberg Television. “We settled on something that…

Disney World is facing a formidable new challenger, but execs aren’t breaking a sweat — yet.Universal’s eagerly anticipated new theme park, Epic Universe, opens to the public on Thursday in Orlando. It features attractions from tentpole franchises like Harry Potter and Super Mario, plus a Dark Universe section focused on villains and rides from the “How to Train Your Dragon” movie.”Everything is so magnificent,” said Francis Dominic, a theme-park-focused influencer who toured Epic Universe before its grand opening. He described it as immersive, colorful, and “what theme parks should be and could be in the 21st century.” Influencer Francis Dominic (right)…

This is an as-told-to essay based on a conversation with Imelda Collins, who is selling her house in Ireland via an online raffle. Each entry is 5 euros (about $6.75), and people can buy multiple entries. The drawing is scheduled for Thursday, May 22, at 10 a.m. local time. The conversation has been edited for length and clarity.I’m from Ireland, and my husband is from Italy. We’ve lived back and forth between the two countries for a number of years.In 2022, I bought this home near Manorhamilton, a small town about 20 minutes east of Sligo, because we were going…

Deloitte told employees in one of its UK consulting divisions to expect lower annual bonuses following weaker-than-expected financial performance.Richard Houston, a senior partner and chief executive of Deloitte UK, wrote in a companywide email on Tuesday that employees in the technology and transformation (T&T) consulting division would receive an average of 80% of their annual bonus.Partners in the division will also face a drop in annual rewards, Houston said in the memo seen by Business Insider.The memo was first reported by The Financial Times.The T&T business had “faced a particularly challenging year and fell materially short of its performance goals,”…

A U.S. Air force flight carrying migrants deported by the US government arrives at Ramon Villeda Morales International Airport in January 2025 in San Pedro Sula, Honduras. Jorge Salvador Cabrera/Getty Images hide caption toggle caption Jorge Salvador Cabrera/Getty Images The Trump administration is doubling down on its decision to send migrants to countries that aren’t their own following a legal challenge to a flight allegedly headed toward South Sudan. Immigration and Customs Enforcement Acting Director Todd Lyons told reporters on Wednesday that the eight people on the flight out of the U.S. had been convicted of crimes in the United…

Google’s multibillion-dollar investments in artificial intelligence need to pay off eventually. Ads may be the answer.Google on Wednesday said it’s expanding ads within the search and shopping AI Overviews that appear at the top of results, going from mobile to desktop in the US. AI Overview ads are beginning to roll out in other locations, too.It’s also testing ads within its AI Mode, a relatively new product built into its search page, where users can conduct deeper research using its Gemini AI chatbot, Google said.Dan Taylor, VP of global ads at Google, told Business Insider that queries within AI Mode tend to…